+
Birla Corporation reports Q2 profit surge for Rs 583.7 million
ECONOMY & POLICY

Birla Corporation reports Q2 profit surge for Rs 583.7 million

Birla Corporation, a company under the MP Birla Group, announced a consolidated net profit of Rs 583.7 million for the second quarter ending September 2023. This marked a significant improvement from the net loss of Rs 564.6 million reported in the same period last year, as stated in a regulatory filing by Birla Corporation.

During the quarter, Birla Corporation's revenue from operations rose by 14.3% to Rs 22.8583 billion, compared to Rs 19.9983 billion in the corresponding period the previous year.

In the cement business segment, Birla Corporation's revenue reached Rs 21.7832 billion, showing a notable increase of 16.17% from Rs 18.7502 billion reported in the September quarter of the previous year.

However, the company experienced a decline in revenue from its jute business, which decreased by 13.23% to Rs 1.0760 billion.

Overall, Birla Corporation's total income for the period was Rs 23.1323 billion, reflecting a 13.30% growth compared to the same period in the previous year.

Birla Corporation, a company under the MP Birla Group, announced a consolidated net profit of Rs 583.7 million for the second quarter ending September 2023. This marked a significant improvement from the net loss of Rs 564.6 million reported in the same period last year, as stated in a regulatory filing by Birla Corporation. During the quarter, Birla Corporation's revenue from operations rose by 14.3% to Rs 22.8583 billion, compared to Rs 19.9983 billion in the corresponding period the previous year. In the cement business segment, Birla Corporation's revenue reached Rs 21.7832 billion, showing a notable increase of 16.17% from Rs 18.7502 billion reported in the September quarter of the previous year. However, the company experienced a decline in revenue from its jute business, which decreased by 13.23% to Rs 1.0760 billion. Overall, Birla Corporation's total income for the period was Rs 23.1323 billion, reflecting a 13.30% growth compared to the same period in the previous year.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?